Aggressive Fade at 200 DMA/Trend Line Invalidation close above the 200 DMA Target 2021 highs ~$85
Price has made consecutive new lows on the Daily Chart at upper trend line. Initial idea was an Inverse H/S which appears not to be playing out. RR 2:1 ATR
"Head and Shoulders" formation on the 4H Chart Measured Target 3.4 which, if you are a fan of fibs, is also a 1.61 level. Invalidation ~3.60
W RSI Crossing sub 50 Complex HS Daily Has closed 2 days under the 200 DMA Triple DMA (20-50-100) aiming down , price below RR ATR 2/1 Aggressive entry. Safer entry would be a close below prior days low.
Weekly RSI Div D1 RSI heading sub 50 Double Top at top trend line Price close below 20 DMA Invalidation above yesterday high TP ~ 138
Aggressive D1 HS entry Weekly RSI crossing sub 50 D1 RSI 42 20/50 DMA cross. Price trading below both RR : 2/1 ATR
Breakout on low volume. measured target ~$20 invalidation $43+
Triple bottom with RSI divergence. Nice RR for a swing trade with a TP around the 1.38 level. Note 50 cross on the RSI at time of publish. An overdue pullback on spot oil prices will strengthen this idea, so worth keeping an eye on that market too. Cheers !
Weekly Chart - RSI divergence Daily Chart - Trend line break Waiting for the retest of the trend line and will look to short if price gets rejected. 200 DMA would be my first TP target Then the yearly low at ~$75
Double bottom looking like a fake out. The consolidation on the 4H has broken down. Anticipating a retest of 20k. If 20 doesn't hold, I see this as the catalyst for the next major and final leg down to 10k area.
Short term reversal - Diamond Bottom formation with RSI Bullish Divergence pushing +50 TP ~1.66
Monthly Chart - Double Top Measured price target 0.85 (2002 lows). Support areas 1.034 1.00 0.857 Monthly close below 1.063 would increase probability of further downside. Close above May highs of 1.078 would likely invalidate.
SHORT - RSI Divergence on the Weekly Chart with 50 Cross. Trend line break with a failed retest. Target Price 95c
Descending broadening wedge breakout w/ retest + 200 DMA break. Not much resistance up too ~90
-Breakout of Symmetrical Triangle -50 EMA crossing above 200 EMA -MACD indicating reversal to the upside. Medium term price target $14~ Not Financial Advice, just a dude that likes drawing lines :P
Current price is close to the bottom trend line of this Ascending Channel, possible mid term swing trade opportunity. Risk Reward seems good considering the trend over the last few weeks. Entry: $1.17 SL: $1.11 TP: $1.39 DISCLAIMER: I am bullish on Algo , however this trend analysis is completely objective.